overview video
investment highlights – DILLON 1
- THREE-FACILITY PORTFOLIO IN THE GREATER DILLON MARKET // Two Dillon facilities (Railroad Ave & US 301) sit just one mile apart, creating operational efficiency and market concentration. A third facility in Lake View expands the geographic footprint and customer reach.
- 32,000+ NRSF ACROSS 14 SINGLE-STORY BUILDINGS // 305 total units offering a mix of traditional storage, warehouse space, and flex retail/office.
- IMMEDIATE UPSIDE THROUGH LEASE-UP // Current physical occupancy of around 76 percent provides a day one 6.26 percent all cash return, with additional upside in gaining occupancy and rate optimization that would yield a stabilized cap rate of around 8.5 percent.
- EXPANSION & VALUE ADD OPPORTUNITIES // The Railroad Avenue location includes around 0.4 acres of expansion land sits across from Top Lock Storage of Dillon 2, offering a scalable acquisition opportunity for buyers seeking market consolidation.
- STRONG VISIBILITY & HIGH-TRAFFIC EXPOSURE // The US 301 facility benefits from around 16,435 vehicles/day and close proximity (¼ mile) to Dillon High School, Dillon Middle School, and the Dillon School District HQ.
- PORTFOLIO POTENTIAL // This offering is part of the Storage Plus and Top Lock Storage 5 State – 25 Property Portfolio, but can be purchased individually.
investment highlights – DILLON 2
- WELL LOCATED SELF STORAGE ASSET // 180 unit, 19,328 NRSF facility situated on 1.64 acres near the center of Dillon, South Carolina.
- CLIMATE CONTROL STORAGE WITH SEVERAL AMENITIES // The facility has roll-up doors, concrete drive surfaces, a security gate with keypad access, security lighting, and video surveillance.
- SUBSTANTIAL LEASE UP POTENTIAL // The current physical occupancy is around 73 percent which provides an in place cap rate of over 6.3 percent.
- MASSIVE UPSIDE // A modest improvement of 12.25 percent in Effective Gross Income supports a projected 7.5 percent all cash yield within 24 months. Furthermore, achieving $0.88 per rentable square foot within 60 months and exiting at a 7 percent cap rate produces a leveraged IRR exceeding 30 percent.
- STRATEGIC PROXIMITY TO DILLON 1 PORTFOLIO // Located across the street from the Railroad Avenue facility of Top Lock Self Storage of Dillon 1, Dillon 2 can be purchased alongside the Dillon 1 portfolio to create a multi-facility, operationally efficient cluster with scale advantages.
- PORTFOLIO POTENTIAL // This offering is part of the Storage Plus and Top Lock Storage 5 State – 25 Property Portfolio, but can be purchased individually.
